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Monday, July 31, 2006

Cramer's MAD MONEY Recap (July 31, 2006)

Stock Tickers: XMSR, SIRI, AMZN, BGP, BKS, HUM, PEP, GIS, WFC, MO.

(XMSR) XM Satellite Radio: XMSR is cheap according to Cramer, as they have supply issues that make it hard for them to build enough units. He thinks it has bottomed on itws own and he thinks SIRI could acquire it.

(AMZN) Amazon: Cramer compared Amazon.com to BGP and BKS. He said AMZN is not cheap even down $6 and should be sold.

(HUM) Humana: Cramer also interviewed the CEO of Humana (HUM). Cramer says this was one to buy in insurance when there were insurance implosions elsewhere.

Cramer also said that the way to defend your portfolio against a tightening Fed was to buy defensive stocks like Pepsi (PEP), General Mills (GIS) and even Heinz (HNZ). Also noted were Wedlls Fargo (WFC) and Altria (MO). He noted that it may be 14 weeks before market conditions improve, if 2001 can be used as a comparison.
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